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Parallel Channel

Monero Wave Analysis – 29 April 2025 - Monero broke resistance area - Likely to rise to resistance level 300.00 Monero cryptocurrency recently broke the resistance area between the resistance level 240.40 (former multi month high from the start of this year) and the resistance trendline of the weekly up channel from the middle of 2024. The breakout of this resistance area accelerated the active short-term impulse wave 5, which belongs to wave (3) from the start of 2024. Given the clear weekly uptrend, Monero can be expected to rise toward the next round resistance level 300.00.
Long
by FxProGlobal
GOLD → Consolidation ahead of news. What to expect?FX:XAUUSD is consolidating. Focus on 3370 - 3269. Economic data is expected tomorrow, and gold is likely to trade within the consolidation range for several days. Optimism about US trade talks with key partners boosted risk appetite and supported the dollar. The US Treasury Secretary reported progress with India, while President Trump softened his rhetoric on China, which also strengthened the dollar. At the same time, traders took a wait-and-see stance ahead of the release of US GDP data for the first quarter. If the figures turn out to be weak, gold could rise sharply as a safe-haven asset. Thus, the gold market remains sensitive to trade news and macro data, especially against the backdrop of rebalancing at the end of April. At the moment, as part of the current momentum and correction, I expect prices to recover from the 0.5 - 0.7 Fibonacci zone. Gold may test 3323-3325 before resuming its correction within the consolidation. Resistance levels: 3323, 3352, 3370 Support levels: 3290, 3270 Traders are waiting for a resolution in the tariff dispute as well as economic data due tomorrow. However, while the price is consolidating, I expect a rebound from support. BUT! If the price continues to squeeze towards any boundary, with priority to support, then the chances of a breakout from the consolidation base may increase. Best regards, R. Linda!
FX:XAUUSD
by RLinda
14
GOLD (XAUUSD): Market Outlook & Short Update Regarding Gold. I received multiple requests to provide the update after the price bounced to a target level, as I predicted earlier on Sunday. At the moment, we see a perfect example of a consolidation. The price is trading within a horizontal parallel channel - range. As always, the market will most likely continue staying within that till the release of important high impact news. The closest ones we can find in the economic calendar. Tomorrow we are expecting US GDP and Personal Spending Data. For now, probabilities will be high that a consolidation will continue. Consider looking for trading opportunities from the boundaries of the range. After a news release, a breakout of the range will provide a strong confirmation and accurately indicate the future direction of the market. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
BTC/USDT 1H Chart Analysis: Breakout Incoming?Hey traders! Let’s dive into this juicy BTCUSDT 1-hour chart. Bitcoin is teasing us with some serious action! We’ve got a textbook symmetrical triangle pattern forming, with price consolidating tightly between converging trendlines. This is a classic setup for a big move — Bitcoin is coiling up like a spring, ready to explode! The chart shows multiple phases of consolidation , with the latest triangle pushing BTC toward a critical decision point near the weekly high of $95,773.15 and the monthly high of $95,119.06. The price is currently hovering around $95,000, testing resistance. A breakout above the upper trendline could send BTC soaring past $96,600, potentially targeting $97,200 or higher! On the flip side, a rejection here might see it dip toward the daily low of $92,839.27 or even the lower trendline for support. Key Levels to Watch: Resistance: $95,773.15 (weekly high) Support: $92,839.27 (daily low) Breakout Target: $97,200+ Breakdown Target: $92,800 ✉ What do you think — bullish breakout or bearish? Drop your thoughts below!
CRYPTO:BTCUSD
by ArtemFuturesTrading
8
HelenP. I Gold will continue to decline, breaking support levelHi folks today I'm prepared for you Gold analytics. After an extended bullish phase that pushed the price higher within an upward channel, the market has started to show signs of weakness. Initially, gold moved steadily from the lower support zone, climbing through the channel and forming higher highs. Each pullback was supported by the rising trend line, reinforcing the bullish sentiment throughout the move. However, after reaching the peak near 3570, the price sharply reversed, breaking the trend line and shifting the overall structure. Sellers took control, leading to a breakdown below the channel, and now the price is consolidating near the 3260 - 3285 support zone. Recently, Gold tested the trend line from below but failed to reclaim it, which signals strong resistance overhead. Currently, gold is trading around 3319, just above the lower boundary of the broken channel and inside the support zone. I expect a small upward correction, breaking the trend line, and then followed by a continuation of the downward movement. So that's why I set goal is 3200 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
13
EURUSD: Bullish Price Action Confirmed?! 🇪🇺🇺🇸 Here is my latest price action analysis for EURUSD. The price completed a recent correction movement with quite an extended consolidation within a horizontal range and a symmetrical triangle. The violation of 2 intraday resistances with a bullish imbalance indicate a highly probable finalization of the accumulation. Probabilities are high that the pair is returning to a bullish trend now. Goal - 1.1478 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
LINKUSDT → Consolidation. One step away from a rally?BINANCE:LINKUSDT entered a consolidation phase after breaking out of a downward channel. This is a fairly positive sign that buyers are building up momentum ahead of a possible breakout of resistance. Exit from the downward price channel, distribution, and transition of the market to a consolidation phase: 15.275 - 14.400. Bitcoin is forming positive dynamics, which supports altcoins. The local alt season may continue if Bitcoin continues to grow after breaking through 95K. If LINK breaks through the resistance level of 15.275, this move could trigger further growth Resistance levels: 15.275, 15.942 Support levels: 14.400, 14.266 At the moment, the mood of altcoins depends on Bitcoin, as it is receiving support amid positive fundamental data in the US and the global economy. However, for LINK, the focus is on the current consolidation. If the resistance level is not broken on the first attempt, it may happen during the next retest. Before that, the price may test the consolidation support with a false breakdown, which could create an imbalance in favor of buyers, only increasing the chances of growth and a breakout of resistance, provided, of course, that the overall bullish trend continues. Best regards, R. Linda!
Long
by RLinda
3
GBPNZD - Marco Trend Still Up!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPNZD has been overall bullish from a macro perspective trading within the rising channels in blue and orange. Moreover, the green zone is a strong support, structure and demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange/blue trendlines acting non-horizontal support. 📚 As per my trading style: As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
4
GOLD → The chances of a further decline are growing...FX:XAUUSD continues to test support at 3270 for a breakout. Any de-escalation of the conflict between the US and China could trigger a price drop. But it's not that simple... Gold under pressure amid tariff war and ahead of US data On Monday, gold is testing last week's low of $3260, remaining under pressure from a strengthening dollar and easing trade risks between the US and China. Investors are preparing for the release of key US GDP and labor market data, which could influence expectations for Fed rates. Against this backdrop, the correction in gold could be replaced by growth if macro statistics turn out to be weak and geopolitical risks remain. Another retest of support could trigger a breakout. It is necessary to monitor the situation between China and the US. Any de-escalation will trigger a decline. Resistance levels: 3299, 3326 Support levels: 3268.9, 3245, 3232 Since the opening of the session, the potential for a further decline has been exhausted. Gold may strengthen to the indicated resistance zones. A false breakout of 3300/3326 could trigger a decline, which could bring the price closer to the support breakout of 3270. With respect, R. Linda!
FX:XAUUSDShort
by RLinda
29
Axon’s Uptrend May Remain IntactAxon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact. The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may suggest buyers remain in control. Second, AXON ended last week above the top of the range. Has a breakout begun? Third, the stock tested and held its rising 200-day simple moving average on April 7. That may suggest the long-term uptrend remains in effect. Next, MACD is rising. The 8-day exponential moving average (EMA) is also above the 21-day EMA. Those signals may indicate its short-term trend has gotten more bullish. Finally, rallies after the last three earnings reports may reflect bullish sentiment towards AXON’s fundamentals. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AXON
by TradeStation
Bitcoin may little correct and then continue to grow in wedgeHello traders, I want share with you my opinion about Bitcoin. Analysing the current chart, the market behaviour becomes much more understandable. Initially, Bitcoin was moving inside a clean upward channel, showing steady growth with rebounds from the support line and multiple corrective phases. After a strong breakout above the buyer zone, the price maintained bullish momentum and reached the current support level at 88500. Later, BTC consolidated within the support area, confirming its role as a springboard for the next impulse move. The price eventually broke higher, leaving the channel behind and forming a new structure, an upward wedge. This wedge is a natural development after a strong uptrend, often suggesting that the price may continue climbing toward the upper boundary before any potential reversals occur. At the moment, BTC is trading between the wedge's support and resistance lines, precisely respecting both structures. Small corrective pull-backs have already been observed, but buyers quickly defended the support area, keeping the bullish structure intact. Given the clear market structure, the strong breakout momentum from the support area, and the continuation pattern in the form of the upward wedge, I expect Bitcoin to continue moving higher toward the 97000 points, which aligns with the resistance line of the wedge. This level also serves as my TP1 for the current bullish move. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
AMKTcryptomarket | Additional EOS review tipsHello to all AMKT members.😍 After analyzing the EOS token, we entered a new structure that we will analyze together. In the 4-hour timeframe, after exiting the downward channel, we entered the ascending channel, which has created a bottom in the 0.6640 range. For the long position, our trigger is still the 0.7072 break, and we must keep in mind that since we entered the ascending channel, there is a possibility that the 0.7750 range will be a resistance for us, but our target is still 0.8869. But for the short position, our trigger is 0.5895 with increasing volume, but if we want to go for a short position, we can enter a short position by risking our capital with a break of 0.6640, which is a risky position.
E
by AMKTCryptoMarket